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Technology Stocks : Paychex (PAYX) -- Ignore unavailable to you. Want to Upgrade?

To: gladman who wrote (169)	6/17/1999 9:44:00 PM
From: Jeff Bond	Read Replies (1) \| Respond to of 210

1. On 3.3.99 +DI made a nice upturn, and that was the beginning of a nice rally, the same thing appears to be going on now. 2. On 11.27.98 and 4.27.99 +DI passed back DOWN through a rising ADX line, which seemed to have become very good signals that each of these rallies had run their course. Is this coincidence, or can this event be used to anticipate when a rally has run its course? I looked at the current values which are : 1. ADX = 39 2. ADXR = 37 3. +DI = 14 4. -DI = 17 +DI is on a tear, I see how that factors into the direction of the trend. If they follow their current paths, +DI could be 18-19 and -DI could be about 16-15, so that means they would most likely cross tomorrow. Is this the date of importance, or is it the point where the +DI crosses over the ADX? In confession, I'm way behind in looking at fundamentals, but I KNOW this is a good company and that it has been hit hard. I grabbed a fair amount of shares, and I need to decide if it is a long-term hold or a short-term opportunity. It shows the potential of technicals in making an investment decision; I bought this strictly on technicals, with an assumption nothing was going to fundamentally change. Whats your thoughts on the earnings numbers? Is the company in position to toss out a positive surprise, maybe based on an increase in productivity or number of customers? Maybe the question I'd really like to know is, what reaction would the stock price feel if they MET earnings, would it be well received, coldly received, or be neutral? All input welcome, gladman, thanks again, your input helped a lot :o) Regards, JB